6 - 12, 16 and 20 Cardiff Road
Caerphilly
Caerphilly County
CF83 1JN

Freehold Retail Investment

  • Two prominent retail units entirely let to Iceland Foods Limited until 2024 (no breaks), in occupation since 1988
  • Part sublet to Superdrug Stores Plc (in occupation since 1989)
  • Town centre location directly opposite Caerphilly Castle
  • Nearby occupiers include Barclays Bank, NatWest, Sports Direct and Betfred
  • Lot
    28
  • Auction
    07/Dec/2017
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,200,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of an Investment Trust
Important Property Update
  • 6 - 12, 16 and 20 Cardiff Road<br>Caerphilly<br>Caerphilly County<br>CF83 1JN
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Property Information

Location
Miles
7 miles north of Cardiff, 11 miles west of Newport
Roads
B4600, B4263, A468
Rail
Caerphilly Rail (direct services to Cardiff Central in 19 mins)
Air
Cardiff International Airport
Situation

Caerphilly is a busy commuter town providing excellent access to both Cardiff and Newport and benefits from a catchment area of approximately 53,000. Caerphilly is a popular tourist destination, with Caerphilly Castle located in the town centre and Brecon Beacons National Park only 30 minutes’ drive away. The property is prominently situated on Cardiff Road, Caerphilly’s primary retailing thoroughfare, with occupiers including Barclays Bank, NatWest, Lloyds Bank, Sports Direct and Betfred.

Tenure

Freehold.

Description

The property comprises two retail units with retail/ancillary accommodation on the ground floor and further ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
(1) Ground
First
(2) Ground
First
Retail/Ancillary
Retail
Retail/Ancillary
Retail
481.00 sq m
258.80 sq m
328.50 sq m
379.20 sq m
(5,176 sq ft)
(2,785 sq ft)
(3,535 sq ft)
(4,080 sq ft)
ICELAND FOODS
LIMITED (1) part
sublet to Superdrug
Stores Plc (2)
10 years from
07/07/2014 until
06/07/2024
£95,00007/07/2019
Totals
1,447.50 sq m
(15,576 sq ft)
  £95,000 

(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian 09/11/2017). Iceland is one of Britain’s fastest-growing and most innovative retailers with over 880 stores throughout the UK, a further 40 owned or franchised stores across Europe, and a global export business (Source: www.about.iceland.co.uk 09/11/2017). Iceland has been in occupation of their unit since 1988.
(2) Iceland Foods Limited has sublet one of the units to Superdrug Stores PLC for a term of 5 years from 7th July 2014 at a rent of £42,000 p.a.x. For the year ending 31st December 2016, Superdrug Stores Plc reported a turnover of £1,213,600,000, pre-tax profits of £80,385,000 and a total net worth of £86,291,000 (Source: Experian 09/11/2017). Superdrug are part of the AS Watson Group and are the United Kingdom's second-largest beauty and health retailer, currently operating approximately 800 stores in England, Scotland, Wales, Northern Ireland and the Republic of Ireland (Source: www.superdrug.com 09/11/2017). Superdrug has been in occupation of their unit since 1989.

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    511 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.co.uk

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